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Our Debt A Year Ago

November 24th, 2009 at 05:10 pm

Our debt consists of three loans, including our primary mortgage, a home equity loan and an auto loan. A year ago we were in more debt than we are now. Yipee!! At least we are going in the right direction. Are you?

Total Debt - Nov 2008: $174,624.40
Total Debt - Nov 2009: $158,031.25

Total debt paid in one year is $16,593.15!! Not bad.

The next year to year and half are going to be amazing for us financially. In fact, in 1 1/2 years we will be free of our home equity loan AND the van loan. Oh, and right now, we owe over $19K on the van. Obviously big plans are in the works!

Make a plan. Work the plan. And celebrate when the plan works!!

8 Responses to “Our Debt A Year Ago”

  1. LuxLiving Says:

    You've made excellent progress!

  2. NJDebbie Says:

    Not too shabby (really an understatement). Totally awesome job!

  3. Analise Says:

    You have done a great job! Congrats and keep up the good work.

  4. Waterfall Says:

    Good for you!

  5. campfrugal Says:

    Keep up the good work. Awesome.

  6. Ima saver Says:

    That is wonderful! I too say, keep up the good work!

  7. merch Says:

    Plan the work and work the plan. Great job!!! Are you planning to pay off more in the next year? May be $20K? Stretch your goal a little?

  8. creditcardfree Says:

    Merch, I'm sure we'll make $20K in debt pay off in 2010. We will also save up quite a bit of cash as well. Can't wait!! I'll give more details as things start to happen.

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